Treasurys flatline; 10-year yield at 1.83%

LauraMandaro

SAN FRANCISCO (MarketWatch) -- Treasurys wavered around the flatline Thursday as some better news on the labor market sapped demand for U.S. government debt as a safe haven. Yields on the 10-year note
TMUBMUSD10Y, -1.43%
were at 1.83%, less than 1 basis point lower for the session. Yields on the 2-year note
TMUBMUSD02Y, -1.48%
were at 0.23%, also less than 1 basis point lower. Prices move inversely to yields and one basis point is one-one hundredth of a percentage point. The Labor Department said initial jobless claims in the latest week fell 12,000 to 367,000, near a four-year low. Stocks opened higher but gains rapidly deflated.

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